The All Pay. Common Value Auction as a Model of Contests

An all pay, common value auction is proposed as a model of contests. The common value of the prize is ex-ante unknown, but each contestant has private information about its true value. These private information are affiliated. Unlike in the symmetric winner pay auction model of Milgrom and Weber (1...

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Bibliographic Details
Main Author: Nungsari, Ahmad Radhi
Format: Thesis
Published: 1994
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